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: good morning, everybody. today is december lenth, 2012. >> steve: 2012. >> gretchen: i am gretchen carlson. sorry kids. you don't have to go to school today. michigan teachers fighting against the bill that gives workers the right to not pay dues. >> steve: washington can't find a solution to the fiscal cliff . but someone who fixed budgets in the past know it is simple. >> if i raise taxes again i will have to do it in two or four years . people are going to leave. >> steve: find out how america's mayor did it straight ahead. straight ahead. feel a cold coming on? gretchen, you will be better in no time. we'll drink to that. >> you will be better in no time and all of my teases will rhyme today. "fox and friends" starts right now. ♪ ♪ "fox and friends". >> steve: ho, ho, hompt look who is here today eric boling. >> gretchen: you get your own personal lurch. >> eric: good to be here. >> steve: you will find out how booze, beer and wine can make you healthier. the news we have all waited for. >> gretchen: yeah, a lot of people waking up with a headache. now it makes sense why i
now. ♪ ♪ "fox and friends". >> steve: welcome to studio e and ho, ho, ho. the elves has been here and it looks like christmas. >> gretchen: i can't believe you went shop wrapping all of the gifts. you have so many skills i was not aware of >> chris: they are all empty and we saved the dough. >> brian: what these things. they are fine. >> gretchen: they're acrylic balls. >> steve: they are set pieces and like aquarium. >> gretchen: someone came in here and probably was sent a picture and decided how to customize. >> steve: we should see where marth stewart was late yesterday. it looks like someone did flocking had here. >> brian: i wouldn't be surprised if we didn't find out who was responsible. >> gretchen: maybe they will be secret for secret santa. we have to get to headlines that are not the best of the news. a navy seal killed in afghanistan, died in a risky mission to rescue a doctor and two colleagues abouted by the taliban. he was member of the seal team 6. there are many questions about what dr. joseph was doing in a dangerous place. his employer said they are committed to
died. we will have a live witness. >> steve: and a new tone set by democrats and it looks like this. a folks news contributor gets beaten up by a pro union protestors. steven crowder is live here to explain what happened in michigan. kaboom. >> brian: first we called him an owner and then a governor and then mr. president . soon someone might be able to call him grandpa. "fox and friends" will have that story. it starts now. ♪ "fox and friends". >> gretchen: good morning, everybody. we'll start with a folks news alert. breaking newings. witnesses say he stormed in a portland, oregon mall shouting i am the shooter. terrified shoppers tried to run for safety. the man wearing body armor and came flauge killed two people and seriously injured a third before taking his own life. many escaped and others hunkered down. the mall remains closed today and police have yet to release the name of the shooter although they know who he s. >> steve: shawn [-fls] shopping in the mall when they heard the gunshots and they join us live from portland. thank you for joining us. >> thank you for having
] >> that's what i'm talking about! >> whoo! >> steve wynn is the man with the midas touch who added glamour to the gambling industry. >> if you're gonna start a gambling joint, start a gambling joint. >> he transformed las vegas into an international tourist spot, but the odds haven't changed. >> the only way to win in a casino... >> is to own one. >> own one. >> unless you're very lucky. [stopwatch ticking] >> internet gaming is illegal in the united states and absolutely thriving. >> yes! >> right now, as you watch this story, 70,000 people are gambling on party poker, and that's just one site. >> there will be more online poker games per day at the end of this year than all of the casinos in the entire world put together. >> welcome to 60 minutes on cnbc. i'm steve kroft. by some estimates, gambling in this country is a nearly $100-billion industry. it attracts everyone from flamboyant businessmen to nefarious conmen. while the odds are heavily stacked against them, for millions of americans, gambling remains enormously popular, even in these hard economic times. in this episode, charlie
are not just going to go over the fiscal cliff? we heard tim geithner on this program yesterday when steve asked him, look f you don't get what you want, do we go over the fiscal cliff? he said absolutely. >> he said he would do it! >> what happens when we wake up january nd, we go over the cliff, and the world doesn't end? >> that is so irresponsible. >> you have to be a long-term investor. long-term stocks have outperformed bonds. >> with all do respect, george, are you one of those come play september investors larry is referring to? >> i'd say we're opposite of that. we never take anything for granted, but we bet accordingac. bonds are trouble. a lot of people are going to lose a lot of money in bonds. you have to be prepared for that. interest rates are going to go up. dividends are going to continue to increase. the economy in this country is strong. it's going to get stronger. >> even at 44% dividend tax? >> it's not going to go that high. >> if we go over the fiscal cliff, it does go that high. it goes to 44%. >> no, no. don't think the worst. >> less than a month, it goes there. >
than 13% for the week. it broke above its moving average. steve cullen, is he being punished for his success. illegal insider trading ran rampant inside his giant hedge fund. charlie gasparino has the latest. charlie: let me get you and amazing statistic. they returned 25.5% after expenses since 1996. warren buffett, berkshire hathaway, 8.64%. steve cohen does it with a lot of volatility. that is why i am telling you the feds are after him. here is what i know about this investigation. what sources are telling us. they believe you cannot get that type of consistent success, the notion that every year, basically, posting game, posting gains within not massive volatility. 50%. cheryl: you are very clever and breaking the law. charlie: they do not believe you can do that without insider trading. this is a mindset that pervades each one of these of the sec enforcement chief to the fbi people working on the cases to the justice department. they match up returns of these various guys. they say look at roche, look at how he did this and look at steve cohen. they believe it is just mathemati
, china, emerging market that we have been buying the last couple of months. liz: chin steve has a china plae don't want to miss. 30 billion in assets under management. he is working his money, trust us. the closing belllin 50 minutes. a fall off the fiscal cliff will derail the programs helping the hosing recover. for the homebuilders worried? toll brothers is the 800-pound gorilla, they would know. a fox business exclusive with dogeared leaflets which tell you if the recovery in housing is here to stay and it matters to a whole host of stocks and what the fiscal fall could do to his business. only here on fbn. and we n save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground spping at fedex office. to the number 1 club in the world. the potential of manchester united unlocked. nyse euronext. unlockg the world's potential. liz: investors continue to
to check in with steve. rain coming in. how long will we see this? >> through the morning here. but then it will get really cold. tomorrow. not today. today is warm. mild to warm compared to last week. light rain continues. just kind of what we call coming in west to east and it's very mild warm sector. look for morning rain. snow up on the mountains and today's highs very mild. 50s and 60s. here is sal. >>> northbound 280 traffic looks good. as steve mentioned it will be wet for the morning commute. traffic is okay so far in the south bay. also looking at the commute here on oil westbound, you can -- on 80 westbound, you can see traffic is light but it is wet. let's go back to the desk. >>> on sunday more than 2,000 people came together for memorial service to remember the 26 lives cut short after the deadly school shooting in connecticut. >> we offer you our tears and our pain, our anger and our sorrow. >> president obama traveled to newtown where he met with the families with the victims and spoke at the service. he read the names of the 20 children who were killed. and he s
gives his first television interview since the death of steve jobs. tonight, he talks about the final gift from the founder. he responds to apple's critics, why can't you be a made in america company? and hints about what may be the next big thing. >> we're living the jetsons with this. when you turn on the tv -- >> television is still television. >>> also tonight, the conversation every family should have, the decision faced by every family. so why do so many get it wrong and regret it? harry smith gives us a very intimate look inside one place where they're trying to change that. >> give me as much time as i can get. but keep me comfortable. >>> also tonight, ann curry travels to new zealand to visit film director peter jackson. can his hotly anticipated new movie "the hobbit" possibly live up to "the lord of the rings"? >> one of my favorite characters. >> ann goes inside his magical world. >> now we're really in trouble. >> yeah, where are we looking? oh, dear. >> that and more tonight as "rock center" gets under way. >>> good evening and welcome to "rock center." the impact of ap
's monday, december 17th i'm dave clark. >> good morning, i'm pam cook. let's check in with steve. we'll have a lot of rain. >> between we will have pretty cold air. colder than last weekend. you told me you were cold last week. you will be really cold tuesday night into wednesday. there is pretty steady rain out there. nothing too heavy. it will be with us through the morning hours and giving away a partly cloudy mild breezy day. 50s and 60s more on that cold air in five minutes. >>> san francisco traffic looking pretty good approaching the 80 split. wet weather will make for a tricky commute on a monday. moving along and taking a look at the commute here on the toll plaza, metering lights on early. there is a delay past 880. now let's go back to the desk. >>> in developing news we begin with a scary story. a family was tied up and robbed in a home invasion in san francisco. it happened at 2:00 this morning in the sunset district a few blocks from the zoo. police tell us here that three masked men entered a home, tied people up, robbed them and ran off. fortunately we hear the victim
of steve jobs. we're going to take a very close look on what is next for america's favorite gadgetmaker. >>> speaking of gadgets, rivalry research in motion, offering training programs and promotions for its upcoming blackberry 10. it's targeted corporations. bold move or maybe a desperate one? >>> any move might be welcome down here. democrats want tax hikes on the rich. republicans want entitlement cuts. we've heard this before, haven't we? what do average americans want to see in a fiscal cliff solution. we've got the exclusive results of our exclusive cnbc all-america economic survey. >>> now to everybody's all-american, sue herera standing by at the nyse. >> you're sweet, ty. thanks. >>> we're a little bit on the downside. we really kind of retraced a little bit on the dow jones industrial average. previous to this we were solidly in the green in all three of the major market indices. the dow now down 14 1/2 points. nasdaq up eight. the s&p is down just a fraction. of course we are also watching apple on the back of yesterday's drop. the stock today is traded up $4.82. that's just
first. guest host david walker of comeback america initiative and democratic strategist steve mcmahon both here to help us find solutions. >> then, what goldman's jim o'neill is so he seeing to help you prepare for your investments straight ahead. plus, adding opportunities door to door. >> have a good day. >> thank you. >>> domino's pizza ceo patrick doyle is here. the second hour of "squawk box" begins right now. >> good morning, everybody. welcome back to "squawk box" here on cnbc. i'm becky quick along with joe kernen. andrew is out this week. we've been watching futures this morning and they are indicated slightly higher. dow futures are up about 35 points above fair value, s&p futures and the fass dak futures are higher, as well. in your morning headlines today, the fiscal cliff dominating the sunday talk show circuit. treasury secretary tim geithner expressing on meet the press that republicans will accept the president's plan to raise income taxes. >> what we're trying to do is make it more likely we come together on a good agreement for the american people that extends t
in 1967, where i met steve schneider who was a student at that time. and, if i could just say a couple words about steve, it's kind of -- it's ironic that i'm getting the steve schneider award because we could not have been more opposite. [laughter] he had the gift of gab, you know, he's so articulate as a student and as a postdoc. so when i -- then i went off to the netherlands where i met my wife, who -- then i came -- who eventually became my wife, but i -- when i came back to the institute for space studies, steve was in a postdoc at the institute. and, as i say, we couldn't have been more opposite. he -- as i was this tactiturn midwest scientist who wanted to do the numbers and do my science and not talk about it, but he would come to my door, he would be in the door of my office and talking to me and, eventually, i would turn around and be working on my desk and he -- somehow, he couldn't take the hint. [laughter] but when anniek who was then my girlfriend, would visit me, then she would see that, well, i really didn't want to talk to steve. so she would talk to him, and that was
'm dave clark. >> and i'm pam cook. thank you for joining us. steve paulson is here with the wild weather we had. and then what's in store for us. >> quiet today. there will be one more system coming in tomorrow you two. it's cold out there. a lot of upper 30s and 40s. the weekend system was very mild. that is not the case now. we had a lot of cool air. mostly sunny today. that will not be as strong as anything we saw. any rain forming is not so good. dry monday. patchy fog. we'll have more of that rain coming up. >>> here's a live look at the mccarthur maze. you can see the traffic flowing nicely on the far right hand side. folks heading out to the bay bridge teleplay -- toll plaza. also traffic looking good. let's head back to the desk. >>> we are tracking breaking in is where chp cruiser flipped over during a high speed pursuit that reached speeds of 100 miles an hour. it happened just after 3:00 this morning on 580 eastbound near flynn road. we're told two chp patrol cars were pursuing a driver when one of the officers lost control and flipped over. the officer was taken to the hospi
writer steve moore also joins the panel. so, steve, this is really an interesting story that i don't think gets enough attention. >> i agree. >> paul: the reforms taking place across the country in a lot of states. who are the stars you're looking at? >> i entirely agreement with your premise, paul. if you look at, talk about the demise of the republicans on the national levels we're not seeing that on the state level. there are 30 republican governors today in america, the republicans actually picked up a governorship in north carolina so that south now is almost entirely republican, whereas just 25 years ago, it was pretty entirely democratic. and it's not just the south. states like-- >> what are they doing with that power, that's the interesting thing. >> so, they have the power and they are actually using it, af got states like kansas, and florida that have been cutting taxes aggressively to promote jobs. you've got a lot of the states in the mountain states that are republican, where they're aggressively promoting pro energy drilling policies to get at the national resources
>> gretchen: we still have folks here thinking they can beat shaq. >> steve: delusional of. tomorrow on our program, laura ingraham, cheryl casone, and actress aisha tyler. big show. >> gretchen: see you tomorrow bill: guys. good morning. as we start this week we want to talk about a dangerous rescue in afghanistan come at a high price the life of a u.s. navy seal. here is the mission. to save an american doctor kidnapped by the taliban. as we go through the story it's a reminder about the sacrifice still being made overseas. good morning i'm bill hemmer. whole new week here at "america's newsroom". martha: i'm martha maccallum. this fallen hero was a member of navy "seal team 6" that carried out the mission to kill usama bin laden. according to officials in afghanistan they came under heavy fire with this mission. >> according to our information the kidnappers were taliban. they were heavily armed with heavy machine guns, with so-called rpg. rocket propelled grenades and ak-47s. bill: steve centanni follows up in washington. what can we report about this rescue machine? >>
to take from me -- >> you are a good man, steve. >> when a $9 billion company, you know what we are capable of. do you? >> rose: joining me now is the director gus van sant and the movie cowriters and starts, john i can'i can't sin krakinski andt dayton, i am pleased to have them here to talk about this movie. tell me how it began. >> i had the idea about two years ago to do a movie about american identity .. and my dad grew up in a small steel mill town just outside of pittsburgh and the way he talked about his growing up, his dad had three jobs and he didn't have a lot, i an ignorant child i said your childhood was awful? >> no, it was fantastic, we had family, friends and community and the belief tomorrow would be a better day, i feel we have moved so far away from that, i want to tell the story about these communities being affected although the noise from the, so practicing became a perfect backdrop to the issue of these people going through a complicated decision and i brought that idea to matt and he was looking at the director at the time and we were off and running. >>
:07, here's steve. >> thank you very much. beautiful sunrise over the big city here. we have some areas that are clear, probably some fog otherwise its clouding up especially to the north and some rain is trying. this is not a strong system but every system so far in a rain year -- or a wet year you go with it. in a dry year this doesn't have a chance but there will be light rain parallel to the coast. it's cold. pockets of fog. mostly cloudy. chilly to cold. for some not too bad but for others really cold out there. rain develops and if the system has enough punch snow level could be around 2500 feet. that wouldn't be until later though. 34 seems possible there. livermore and concord. 1 degrees in tahoe, sacramento 32 and even reading at 30 degrees. there's cold air to the north. you can see the lines right there -- some of that air is mostly clear. that's where some of the fog has been forming. looks like i doubt much of that is reaching the ground but it might. some of this lighter rain is starting to fill in with a lot of cloud cover. but watch how it really just kind of hangs -- ki
moscow now is steve rosenberg. steve, you said he'd do it, he's done it. >> that's right, david. there's been one question that has dominated political life in moscow the last few days and that is will he or won't he? will president putin sign what is one of the most controversial laws he's been face with. yesterday he indicated he probably would and today he signed it. as you mentioned it has been very controversial because a number of ministers in his own government, including the russian foreign minister have publicly criticized the law and president putin's critics have accused him of playing politics with russian children. >> criticized it on humanitarian grounds. >> yes, absolutely. it's interesting to note that the bill we're talking about, the law we're talking about is wider than simply banning adoptions. it's russia's retaliation for the act that bans russians officials suspected of human rights violations from getting u.s. visa's and freezes their assets. so this bans u.s. officials from coming to russia, u.s. officials who have committed abuses and crimes against russian ci
. thank you for joining us. steve paulson is here. i heard him three days. three days of dry weather? >> it will be back tuesday night. it's nothing like this weekend. thank goodness. yesterday morning was rocking and rolling. we do get a break though. some of the higher clouds coming in. overall a dry day today. highs 50s and 60s opinion here is tara. >>> let's take a live look at 880. we have no delays as we drive past the oakland coliseum. and last but not least we have a look at the san mateo bridge. you can see traffic flowing nicely. 5:00 on the nose let's head back to the desk. >>> we are following breaking news out of livermore. we have been talking about it where a chp patrol car flipped over during a high speed chase. allie rasmus just arrived on the scene. she will join us a live report on the very latest in just a few minutes. >>> time now 5:00. we are still on that storm watch and the bay area is still recovering from that big weekend storm that left a lot of neighborhoods reeling and picking up the pieces. that includes lafayette where a big sink -- in now that is big.
economic writer steve moore also joins the panel. steve, this is really an interesting story that i don't think gets of attention. the reforms taking place across the country in a>> lot of states. who are the stars you are looking at? >> i entirely agree with your premise, paul. if you talk about the demise of the republicans on the national level, we are not really seeing that on the state level. 30 republican governors today in america. the republicans actually picked up a governorship in north carolina. so the south now is almost entirely republican whereas justen 25 years ago it was pretty entirely democratic. it is not just the south. states like utah and idaho and others. >> what are they doing with that power? that's the interesting thing. >> so they have the power, and they are using it. you have states like kansas and florida that have been cutting taxes aggressively to promote jobs. you have a lot of the states in the mountain states that are republican and are aggressively promoting pro energyer drilling policies to get at the pir natural resources. and the big story you ment
or let it fail and let it lose perhaps a million jobs. car czar steve ratner gives us a fascinating inside look. for viewers in the united states, we have a special tonight at 8:00 and 11:00 p.m. eastern and pacific called "tough decisions." >>> but, first, here's my take. announcing that he would send proposals on reducing gun violence in america to congress, president obama this week mentioned a number of sensible gun control measures. but he also paid homage to the conventional washington wisdom from mental health issues to school safety. his spokesman jay carney said earlier this is a complex problem that will require complex solution. gun control carney from the only answer. let me respectfully disagree. the problem is not complex and the solution is blindingly obvious. there are three sets of causes that people point to when talking about events like the one in newtown. first, the psychologist of the killer. second, the environment of violence in our culture. third, the easy access to guns. each of these might explain any single event, but what we should be trying to understan
, everybody i'm brian flores. it's friday december 28th. >> and i'm claudine wong. steve, you medical examinerred the cold. you mentioned the rain. who needs to bring that umbrella today? >> anybody in the north or along the coast. how is that? >> that is good. [ laughter ] >> we have a system coming in. it's a weak system. still every system that is coming in has been producing some kind of rain. it's a much weaker system. a lot of cloud cover in advance of that. it will be cloudy and cold today for some. here is tara. >>> thanks, steve. this is a look at the bay bridge toll plaza. and 280 in san jose traffic looking good near ray street. let's head back to the desk. >>> we begin with breaking news and a violent couple hours in oakland. three people were killed in two separate incidents. a double shooting and a stabbing. alex savidge is live on walnut street where a woman was killed a few hours ago. >> this is still an active crime scene for oakland police. what they found here this morning was a woman that was stabbed to death. it's all playing out. the crime scene located inside th
and steve moore from the "wall street journal" steve, seems like you are the guy that likes our ghost buster, fed buster guy. >> i was shocked by the decision. is this qe inifiti we're on right now? melissa: i don't know. >> we've had such a huge deluge of liquidity into the market. and the fed, a lot of people know this that the fed already owns about a trillion dollars worth of federal 30-year treasury securities on its book and it will now purchase 40 billion more a month. that is fancy way of saying what we're doing right now, melissa, we're monetizing our debt. melissa: yeah. >> treasury department is issuing the debt and federal reserve is purchasing the debt and purchases that debt by printing money. melissa: nariman, a lot of people expected before the announcement today they would say they're backing off. instead they said they will target the unemployment rate, you know as if this would give them license to go on morph longer. were you surprised and do you think it's a good idea? do you think steve is right that we're just monetizing debt? >> let's start off with, no we were not su
negotiations and of course he of before he was senator he was a governor. then steve is the co-founder of america online. is a rabid twitter. i feel like i know every detail of your life. and a relentless of entrepreneurship. we're very fortunate to have these three panelistings. they get five to seven minutes -- there will be a little time left. five to seven minutes to discuss the topic and we're going have a discussion among us then we will open it up to you and hopefully, we will get to all of your comments and questions. >> i'm delighted to be here this evening because i think the topics is important. this conference also recognizes mark kaplan who is that i am pleased to speak in behalf of tonight. we're looking tonight at immigration policies and how they affect our eighty to attract high-skilled immigrants. engineers and entrepreneurs who contribute to innovation. because universities and colleges are in the talent business. we're in a global competition for talent. all yustses, but particularly research university, are competing to get the best and brightest. if immigr
. what do you make of it. >> martoma just made the biggest trade of his life. he chose steve cohen. here is the deal that they have. steve cohen is paying the legal fees. that could be millions. he gets a copy of the government playbook. they will work and share information together. rather than flipping on steve cohen, he has decided to work with him and he is betting that the high-priced lawyers will beat the feds, as they usually do. adam: is this kind of like a conflict of interest. >> they say we have the same interests and beating the government and saying this was not insider-trading. the government also flipped this doctor who told martoma about the trials. charlie: this is all about martoma's trading. and passing that information to steve cohen. we know that he received that information. we do not know how martoma characterized the information. we do know that steve cohen received it and traded up on it as well. >> $270 million based on that information. it was not taped. it is what they are going to say occurred during that phone call. you will hear a different spin on that pho
change coming to laptops, and the advice he got from steve jobs. >>> plus, the most closely watched mother-to-be puts on a brave face as she heads home. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. this season, discover aleve. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. [ sneezes ] [ sniffles ] [ female announcer ] for everything your face has to face. face it with puffs facial tissues. puffs has air-fluffed pillows for 40% more cushiony thickness. face every day with puffs softness. [ coughs ] [ baby crying ] ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cou
the impact. >> lower bang for your qe buck as steve liesman put it earlier on. >> thanks for joining us. always good to see you, eyore pento. >> putting fire into the conversation. >> thank you. >>> so much for the holiday cheer. with the rate things are going in washington, there will be plenty of holiday jeer between now and the new year. >> the president's called for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >>> well, two former presidential candidates face off after the break. i feel like i'm going back to 2008 or 2004. steve forbes says no tax hikes for anybody while howard dean argues everybody needs to pay a little more in taxes and not just the upper income. both sides of that coming up here. >> and also just ahead, the ceo of a tech company says he may be forced to cut jobs because of washington's fiscal follies. he's going to be here. he's going to explain how bad it will be, not just for him, but for other companies as well. >> and then later a retail boom on main street and wall street. with just two weeks to go until christmas, we'll tell you
made it! >> i'm steve kroft. >> i'm leslie stahl. >> i'm bob simon. >> i'm lara logan. >> i'm anderson cooper. >> i'm scott pelley. those stories tonight on "60 minutes." tdd#: 1-800-345-50e d. llover your old 50 find new wa0 so if 50 tdd#: 1-800-345-50u can receivep llover your old 50 find new wa0 so if 50 it [ all kids ] faster! ok, what's fast? um, my mom's car and a cheetah. okay. a spaceship. a spaceship. and what's slow? my grandma's slow. would you like it better if she was fast? i bet she would like it if she was fast. hm, maybe give her some turbo boosters. tape a cheetah to her back. tape a cheetah to her back? seems like you have thought about this before. [ male announcer ] it's not complicated. faster is better. and the iphone 5 downloads fastest on at&t 4g. ♪ all the plastic water bottles we use in a year can add up.. how's the run? but 300 of them can be replaced with just one brita filter. it was good. thanks. brita. filter for good. ♪ ♪ [ male announcer ] 'tis the season to discover the kid in all of us. the memories that last, start with the gifts that last.
statement to parliament today. will be out in westminster soon. steve is out to give us more detailed analysis of what to expect. let's just go back to the eurozone. as you say, thin advances here. are we capping -- it's up against the yen as well. there's obviously been a big yen story. >> yeah, i think the euro/yen has had perhaps more to do with eu euro/dollar than anything else. the euro crosses in general have been story rather than euro/dollar and euro/yen at the forefront. i think the euro/yen forecast is overplayed in what japan will ultimately deliver on. but mum is pretty good. i think you still play for a little yen weakness. i think we'll see a lot of people trying to buy yen back because i don't think we'll get delivery in all these preelection promises. >> do we all think we know what the chancellor is going to say? >> judging by the many pages being given to it in the newspapers, you feel like what else can he say? it's not going to be a day where you'll buy sterling aggressively because most of the news is going to be bad. we're going to have lower growth. potentially
are scrambling to figure out what to do. joining us now to analyze in new york is attorney steve greeneberg and from l.a. attorney. first the united states supreme court today announced it will take up two gay marriage cases prop 8 out of california and the defense of marriage act case out of new york. the court could hear the cases as early as march. okay. two big issues here. let's start first with -- i think we will start with the gay marriage issue first and then we will go to the pot question. steve, how do you think it's going to play out the doma case prop 8 case how two different cases how do you think doma case. >> doma case involves whether someone who had lived with domestic partner for 45 years should have to pay estate taxes where if they lived as husband and wife she would not have to pay estate taxes and prop 8 involves whether or not gay marriage is simply legal. i think what we are seeing here they only need four justices to decide whether to take the issue. i think there is a little bit of politics there because if obama appoints more justices, they are not going to have t
in stocks. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> the opening bell on a tuesday morning. have a look at the s&p at the top of your screen. over at the nasdaq, northwest biotherapeutics on immunotherapy products. lots to watch today. i think we're getting comments slowly out of speaker boehner, which we'll get to in a moment. >> look, a little bit. still some activity before the official end of all activity whatsoever as we head into the christmas holiday. so arbitron up sharply. some people thought they were one company, but they are not. neilsen is a company that has large private equity owners at this time as well making that about $1.2 billion transaction. >> neilsen sha
't talk with your mouth full. >> former treasury official and "morning joe" economic analyst, steve rattner. >> hold on. let me wash it down with some goo. >> i mean, you all are fit. what? why can't you follow suit? >> it hurts so good. we've got msnbc political analyst and visiting professor at nyu, former democratic congressman and all-around good guy, harold ford jr. >> when would you ever eat a munchkin? >> i'm at peace here. president of the council on foreign relations, richard haass, and msnbc analyst and former chairman of the republican national committee -- >> very fit. >> -- very much with me on the battle of the munchkins, michael steele. >> absolutely. pass the doughnuts. >> we start with syria, a country coming apart at the seams. president obama a couple days ago making a fairly remarkable statement that we are now with the opposition despite the fact that we don't know exactly who the opposition is. >> we're with the oppositions in the plural. it's a very splintered opposition. coalition's almost too good of a word. the united states has thrown in its political lot
on the deal, we're joined by virgin atlantic ceo steve ridgeway. steve, welcome to the program, thank you for coming on. >> hello, good afternoon. melissa: how will customers and shareholders know the difference or notice the difference now that we are seeing this portion of the company over to delta, what will feel different? >> i think we are a very strong airline. we started the heritage. delta likewise. delta has a huge presence in the u.s. but putting operations and schedules together, we have to get a deal approved which is obviously delta buying singapore's stake. and then we would create a joint venture across the north atlantic with antitrust abuse. we can coordinate our schedules and make sure we can bring together a bigger network for our customers and potential customers to fly on. it is very positive news with two good airlines coming together. really offering more choices to consumers. melissa: what do you make in choice? how dull the pain 360 million. quite a difference, what do you make of that? >> i think yes, it certainly is. it is the reality of the world we live in. th
. and our steve leesman is one of the lucky few who gets a question and he joins us now from washington. this is really something that not a lot of people expected, steve. >> i think that's right, tyler. and it is absolutely historic. fed for the first time putting economic targets around its funds rate projections and first of all, the other news was that it did end -- it said it would end to replace that so that brings the monthly purchases of long-term assets to $85 billion. i want to show you some math. the current level of the math call it 2.8 trillion. add a trillion to that, you will be at 3.8 trillion if we do go at this pace for a full year here. the precrisis level is $800 billion. i want it put it another way, tyler. increase the balance sheet from '09 to '12 by a trillion dollars. we will do that in one year. aggressive policy from the fed. unaggressive as tyler mentioned the idea of using economic targets for funds rate. we know they were talking about it. we know there was support. we didn't think the federal reserve had unanimity enough to do this. only jeff lacker from r
conversation with our steve liesman. in corporate news, the apple coming off its worst day ofs losses this almost four years. u.s. equity futures, though, not too bad so far today. indicated up about 15 points. today is thursday, december 6th, penultimate day before the day of infamy. "squawk box" begins right now. >> welcome to "squawk box." i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome. thanks for getting up early. >> i'm always up at this time. >> we'll be going through secretary geithner's comments, but first let's get you up to speed on other stories. joe was talking about apple. it has been a rough ten weeks for the most valuable u.s. company. shares tumbling more than 6% yesterday shedding $35 billion of market value. among the reasons cited by analysts, a forecast by an influential research firm suggesting that the iphone and ipad maker is continuing to give up ground it rival the android gadgets. there were also unconfirmed reports that at least one major stock clearing house was raising margin
constitution for that country. one that gave president mohammed morsi new powers. steve harrigan is standing by live in cairo with more. >> remarkable scene in cairo this morning outside egypt supreme constitutional court. to put it simply, the court justices could not get in their own building. the judges will suspend their work while the atmosphere of intimidation physical a mental intimidation exist. the supreme court say they cannot do the work because of the mob around their building. it was likely they would rule on the legitimacy of egypt constitutional assembly. that body pushed through the constitution, the draft on friday. they go for a national referendum, up or down vote on december 15. if the constitution goes through, egypt president morsi says the extreme powers which he declared that he possessed would be void and it would go to normal here in egypt. richard morrison himself has strong public support. we have 200,000 people. mainly members of the muslim brotherhood who support the president come out on the street to show support. loud and emotional way. >> shannon: steve harr
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